Eastern European solar markets face a familiar foe in grid constraints, especially with high voltage network capacity, but high energy prices are creating potential for merchant projects in the region.
Independent power producer (IPP) Sonnedix has entered Poland’s solar market with the acquisition of Warsaw-based PV project developer Sun Power Energy.
Swiss fund manager SUSI Partners is exploring PV-plus-storage investment opportunities, building on a string of announcements in recent months that have seen it bolster its utility-scale solar position in markets such as Poland and Italy.
Renewables investor and developer Econergy has secured more than €200 million (US$227 million) through two joint ventures (JVs) to support the construction of part of its project pipeline in Eastern Europe.
A banking consortium has signed a PLN864 million (€189 million/US$215 million) agreement to finance Polish developer R.Power Group’s 299MW portfolio of solar PV projects in Poland.
Poland has allocated approximately 870MW of solar PV capacity in its latest round of renewables auctions that took place earlier this month, according to the country’s Energy Regulatory Office (URE).
Polish solar developer R.Power Group has signed contracts with infrastructure firms Nomad Electric and Onde for the construction of 135 solar PV plants in Poland with a combined capacity of 400MW
